What Will Happen To Your Property During Divorce?
Concerns over how property division will work in a divorce are common. It is normal to wonder what will happen to your assets or how you will manage your debt on one income, but the team of experienced family law attorneys at Miller, Earle & Shanks, PLLC, can help. Our goal is to help you secure a final order that is fair and allows you to have a strong and stable post-divorce future.
Virginia is an equitable division state, which means you can expect a fair but not necessarily equal division of marital property. When you work with our Harrisonburg law firm, you will have the assistance of a legal team that has been serving the Shenandoah Valley for 50 years. Whether it is in the courtroom or around the negotiating table, we will tenaciously represent your interests and fight for the outcome you deserve.
Questions About Property Division
Property division is one of the most challenging and emotionally complex issues in a divorce. From discovery of hidden assets to appropriately addressing business assets in a divorce, our lawyers can assist you with your specific concerns and answer any questions you have about equitable distribution, including:
- What Will Happen To My Retirement? Retirement savings accumulated before marriage is separate and not eligible for division in divorce. The savings you acquired while married is marital property and subject to equitable division.
- What Is Marital Property? Marital property includes all assets, savings and types of property accumulated, purchased or acquired after the date of the marriage. Virginia divorce laws require division of all marital property.
- What Will Happen To Debt? Courts will seek to divide all shared and marital debt equitably between the two parties. We will fight to ensure you don’t leave the marriage with an unfair debt burden.
When addressing marital property, a court will consider various factors, including the length of the marriage, tax consequences, income of each spouse, liabilities and more. It is beneficial to work with a legal team that has both the experience and genuine commitment to client needs during this complex process.